Smart Home Market was valued USD 78.9 billion in 2021 bostonnews

Gmi Research17 Mar, 2023Technology

Smart Home Market size was estimated at USD 78.9 billion in 2021 and is projected to reach USD 196.8 billion in 2029, expanding at a CAGR of 12.1% over the forecast period 2022-2029 attributed to growing concerns related to safety and security amongst consumers. Smart home market is primarily driven by increasing concerns related to safety and security in homes, rising disposable incomes of consumers and growing importance of home monitoring in remote locations.